1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bagirrra123 [75]
3 years ago
10

A corporation deposits $20 million in a money market account for 1 year. What will be the differ- ence in the total amount accum

ulated at the end of the year at 18% per year compounded monthly versus 18% per year simple interest
Business
1 answer:
Ilya [14]3 years ago
3 0

Answer:

Simple Interest=P*r*n= $20 million * 0.18 * 1=  $3.6 million

Therefore amount accumulated= $20 million + $3.6 million = $23.6 million

Amount accumulated through Compound Interest=P×(1+r)  ^t

 = $20 million( 1+0.18/12)^12= $23.912 million

Explanation:

Simple interest is based on the principal amount of a loan or deposit, while compound interest is based on the principal amount and the interest that accumulates on it in every period.

You might be interested in
An Amazon seller is deciding which of their products to invest in for the next quarter to maximize their profits. They have each
Aleksandr [31]

This question is about the sales strategy for online selling portal Amazon.

An Amazon seller is identifying strategy to revive its declining sales. The seller wants to maximize its revenue by adopting optimum product mix for next quarter.

The maximum profit can be calculated using the following :

maxProfit (k , profit): n = len(profit) rotate = n // 2

windowSum = float('-inf') iterator = 0

Conclusion: The products which are showing positive trend in the market should be placed visible for the next quarter. The products products profit is estimated to be equal to cost to invest which the price of product plus its launching expense.

Formula: The maximum profit a seller can achieve through this strategy is (k , profit):

n = len(profit) rotate.

Learn more Business at brainly.com/question/26144002

8 0
3 years ago
A registered representative receives a telephone call from a customer who tells the representative to: "Sell my 500 shares of AB
astraxan [27]

Answer:

The registered representative should accept the client's sell order, but must mark the order ticket as a long term. The representative can accept the order because it is reasonable that the client will be able to deliver the shares by the time of the settlement. If the representative marked the order ticket as a short sale, it is probable that the client will not be able to deliver the shares on time.

Explanation:

8 0
3 years ago
Many plant cells have very large membrane covered organelles that can store water and other liquid.
RoseWind [281]
The answer to your question is the vacuole it holds water. the vacuole is responsible for helping the plant stay up right when the vacuole is full the plant is perky and vibrant but when it is empty the plant becomes dull and wilted
6 0
3 years ago
Evidence by Blake, Elton, and Gruber indicates that, on average, actively managed bond funds ______. outperform passive fixed-in
Andrei [34K]

Answer:

The answer is: underperform passive fixed-income indexes by an amount equal to fund expenses

Explanation:

According to Blake, Elton, and Gruber (The Journal of Business, 1993), the only people who benefit from actively managed bond mutual funds are those that work for the mutual funds and not their clients.

They discovered that when the mutual funds increased their fees in 1%, the total performance decreases in 1%.

7 0
3 years ago
On November 26, Joe wrote to Kate offering to purchase a farm that she owned. Upon receiving the letter on November 28, Kate imm
slega [8]

Answer:

No, a contract has not been form because the offer has been revoked

Explanation:

an offers can be terminated if there is rejection of offer by the offeree. an offer can be revoked before its has been accepted. Since the revocation is made known to Joe before the letter of acceptance reach joe. No contract has been form.

Acceptance or rejection of offer can be done orally or written. orally can be through phone communication.

the phone call can also be a form of rejection of offer which has been declared by the offeree.

4 0
3 years ago
Other questions:
  • ___________ is the ability of a product to satisfy a customer
    15·2 answers
  • Job 593 was recently completed. The following data have been recorded on its job cost sheet:
    8·1 answer
  • ou open a business selling art supplies and lessons. In your first month, you had the following total sales: $4,000 in paint, $2
    15·2 answers
  • Marketing is considered both an art and a science. how do the 4ps, or marketing mix, help us bridge the gap between art and scie
    13·1 answer
  • How to make flavored soft serve ice cream fresh ingredients?
    14·2 answers
  • TJ's has a market value equal to its book value. Currently, the firm has excess cash of $218,500, other assets of $897,309, and
    5·1 answer
  • What is the present value on January 1, 2019, of $30,000 due on January 1, 2023, and discounted at 10% compounded annually? $ 95
    9·1 answer
  • HELP PLEASE
    7·2 answers
  • What is the maximum amount of new loans the bank could lend with the given amounts of reserves?
    15·1 answer
  • Profit maximization fails to provide an appropriate goal for financial managers because.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!